Minnesota Real Estate Today Local & National News

February 2010 - Posts

• End to Foreclosure Raising Credit Card Rates

  Credit card reform changes effective Feb. 22, 2010 help those with a foreclosure. The Credit Card companies can no longer look at a foreclosure in the credit history and raise their rates. Consumers can find more information about the changes at Consumers Read More... Posted Sunday, February 28, 2010 11:31 AM by Bob Elliot | 0 Comments Filed under: Foreclosure and Credit Card Reform

• Twin Cities Housing Activity Report

  Weekly housing activity report courtesy of Minneapolis Area Association of REALTORS®: Weekly Report . Read More... Posted Thursday, February 25, 2010 11:14 AM by Bob Elliot | 0 Comments Filed under: Twin Cities Housing Report

• Treasury Foreclosure Concern!

  The Department of Treasury still carrying concerns about coming foreclosures. Source: CNBC.Com Diana Olick Feb 2010 Treasury Foreclosure Concern . Read More... Posted Tuesday, February 23, 2010 9:29 AM by Bob Elliot | 0 Comments

• Interactive HAMP Servicer Data

  Source: ProPublica.org Feb 17 2010 HAMP Servicer Report . Read More... Posted Saturday, February 20, 2010 1:29 PM by Bob Elliot | 0 Comments

• Jan 2010 HAMP Servicer Report

  The new performance report has been released: HAMP Servicer Performance Report Jan 2010 . Read More... Posted Thursday, February 18, 2010 6:13 AM by Bob Elliot | 0 Comments Filed under: HAMP Performance Servicer Report Jan 2010

• 2009 IRS Returns - First-Time Hombuyer Tax Credit

  First-time homebuyers who qualify for the tax credit necessary information for your 2009 tax returns: IRS FTHB Tax Credit . Read More... Posted Wednesday, February 17, 2010 7:11 AM by Bob Elliot | 0 Comments

• Struggling Homeowners, Lenders, and Strategic Default

  Law professor Brent White from University of Arizona has written a white paper you can download regarding the behavior of distressed homeowners, lenders and strategic default. Source: Social Science Research Network . Read More... Posted Monday, February 15, 2010 10:52 AM by Bob Elliot | 0 Comments

• Buying Up 120 Day Late Delinquencies!

  Accounting changes provide a new mortgage delinquent purchase strategy that Fannie and Freddie will implement towards their nearly $200 billion 120+ late mortgages. Source: WSJ.Com Feb 10 2010 Fannie and Freddie 120 Day Late Purchases Read More... Posted Friday, February 12, 2010 6:14 AM by Bob Elliot | 0 Comments

• Reward Program for At Risk Responsible Homeowners!

  There is a new program called the Responsible Homeowner Reward Program that pays incentives to homeowners that make their scheduled mortgage payments, but are at risk to walking away from their home. Source: Housingwire.com Homeowner Reward Program . Read More... Posted Thursday, February 11, 2010 9:39 AM by Bob Elliot | 0 Comments Filed under: New Responsible Homeowner Reward Program

• Jumbo Loan Delinquencies Rising!

  No improvement for the downward trend in jumbo loan performance. Source: Businesswire.com Read More... Posted Wednesday, February 10, 2010 4:15 PM by Bob Elliot | 0 Comments

• Could a Fire Sale Still Be Coming?

  Citigroup analyst Robert Young said 3 million mortgages in "suspended animation" with distressed homeowners staying in their properties for 6 months or more even though they have not made a payment. Source: Managing REO Feb 5 2010 Is a Fire Read More... Posted Tuesday, February 09, 2010 7:24 AM by Bob Elliot | 0 Comments Filed under: Foreclosure Fire Sale?

• PMI Sees Slow Down in Home Values Dropping!

  PMI calculates mortgage insurance risk and home prices. PMI is seeing a slow down in house price declines. Source DSNews.com Feb 5, 2010 PMI Home Price Risk Index Article Read More... Posted Sunday, February 07, 2010 11:38 AM by Bob Elliot | 0 Comments

• Fannie Mae Serious Delinquencies!

  Conventional single family mortgage delinquencies rise: Housing Wire Jan 29 2010 . Read More... Posted Friday, February 05, 2010 9:41 AM by Bob Elliot | 0 Comments

• Federal Housing Finance Agency Home Price Index Minnesota

  Minnesota Home Purchase Price Index Check out the value of your home according to FHFA. It projects what a given house purchased at a point in time would be worth today if it appreciated at the average appreciation rate of all homes in the area: Home Read More... Posted Thursday, February 04, 2010 3:57 PM by Bob Elliot | 0 Comments

• U.S. Census Bureau Home Vacancy Stats

  The Census Bureau released staggering numbers for vacant homes: U.S. Census Feb 2010 . Read More... Posted Wednesday, February 03, 2010 5:55 AM by Bob Elliot | 0 Comments Filed under: U.S. Census Home Vacancies

• Twin Cities Weekly Market Data

  Courtesy of Minneapolis Area Association of Realtors®: Twin Cities Housing Data Feb 1 2010 . Read More... Posted Tuesday, February 02, 2010 1:03 PM by Bob Elliot | 0 Comments

• Mortgage Trend Statistics

  Average 30 year fixed mortgage rate remained steady. See trends: HSH.com Stat Release Jan 29 2010 Read More... Posted Monday, February 01, 2010 9:42 AM by Bob Elliot | 0 Comments